this post was submitted on 15 Nov 2023
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WeWork. Why would you pay money to work in a public space if you can just stay at home in a comfy sofa and not have to deal with all these distractions?
Coworking spaces where people can network to make friendships and business relationships instead of sitting home and alone... that doesn't make sense?
Its like you saying you don't understand why people go to bars when they can drink at home.
What you call distractions, most others call opportunity.
idk man i think he’s right we work went to a dollar and filed for bankruptcy
It could’ve probably worked if it weren’t for an inept founder
He also committed massive fraud so
Eh, the networking at the wework locations I’ve been to was very lackluster
You must be an extrovert. As an introvert I quite enjoy and like working from home. It's peaceful and pleasant.
Also, I'm assuming you're an advocate for getting employers back into the office and away from remote work?
Subleasing and co-working spaces is nothing new and been around for ages - he was just able to fool investors that it was tech like innovation.
I mean, the market seems to agree with you. WeBankrupt.
Work spaces still exist. When they are run by scam artists they are doomed to fail.
pretty sure thats still a dumb idea
They declared for bankruptcy so you were right.
As someone who has worked on their own projects for more than 15 years, working from home can be very isolating. You think that you will fill your days with all sorts of fun activities but in reality everyone you know is at work so you end up spending most of your time alone. I've never done it as I've gotten used to being alone but I can definitely understand the appeal of co-working spaces.
In what industry have you worked that 15 years just from home?
I know everyone's used to home working now but I think there's value in going to a place that isn't home to work, be that an office, a coffee shop or a co-working space. I think it helps some people focus with fewer distractions and provides a divide between home life and work life.
As an entrepreneur wfh, I’m considering doing something like a we work very soon…I’m getting bored as fuck being at home all day.
Sounds like you don’t have kids. Working from home can be extremely difficult if you do.
WeWork’s business model initially made some sense. They recognized that startups didn’t want to get locked into long-term office leases if they didn’t have a sustainable revenue stream yet. So it was better for them to rent month-to-month. Where they saved money was in sharing that workspace with other startups - which made the space cheaper (initially, anyway), and had the added benefit of enabling networking between startups and their employees. Win win for everyone involved.
The big mistake (among others) that WeWork made was in thinking that every company under the sun would want to rent their space. They tried to capture global real estate space that far exceeded their niche target customer (startups) and obviously couldn’t find customers to fill all those spaces.
And this was all before the pandemic hit.
The other mistake was in thinking they were a technology company when in fact they were just a real estate company. They burnt a lot of cash investing in useless tech in order to raise additional dollars in the name of being a “tech company” whereas if they had just owned the fact that they were a real estate company, things might have gone differently. Their founding CEO was (and is) a moron.
I always wished people would just use a library. We already pay for them and it would be a cool way to support your local library.
Kids & dog can be distracting when the schools are off, idea seems legit to me